Trading
The trading team functions as the engine that runs the BPO of PIL. The trading operations involve both front-ending with clients and agents across all operating markets as also with the backend supply-chain, consisting of sourcing, procurement and logistics wings.
The trading team caters to specific geographies, books orders and plan the sourcing and delivery logistics. Each order demands minute planning involving the exact nature of the cargo, delivery destination, vessel requirement and supply period. Both from the sourcing and delivery perspective, continuous planning and monitoring becomes a necessity to ensure on-time delivery to the right destination in the most cost-effective manner.
PIL trading operations, differentiates itself from other major competitors in terms of its ability to Deliver cargo on time
- Offer flexibility in pricing and Ensure superior cargo quality.
PIL caters to the following three regions as its primary markets :
- Red Sea region
- East Mediterranean region and East African region.
PIL also caters to other markets but with limited interest at this point. It is the organisation’s policy to focus on selected markets and dominate them in terms of the volume shares. PIL holds high volume share in Egypt, Turkey, Tanzania, Kenya, Ukraine and Oman.
PIL caters to each of its market addressing the need of that market along with customised payment terms and delivery mechanism. Vessels are chartered for segregated regions to ensure fastest delivery period at the most competitive cost.
PIL over the years has armed itself with the capability to handle different varieties / grades of oils to be delivered with customised solution like keeping the cargo in constant-heated conditions throughout the storage and voyage, nitrogen blanketing, addition of anti-oxidants segregated tanks etc.